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HomeMy WebLinkAbout1362 RESOLUTION NO. 1362. RESOLUTION OF TIill CITY OF ARCADIA APPROVING BOND TO GUAHANTEE THE COST OF IlilPROVEh!ENTS AND 'I'HE 'I'IIIIE OI' COMPLETION THEREOF IN TRACT NO. l3154. THE CITY com~CIL OF THE CITY OF ARCADIA DOES RESOLVE AS FOIJ,O':lS: SECTION 1. WIIEREAS, final map of proposed Tract No. 13154 has heretofore been approved by this Council subject to the approval of bond to e;uarantee the cost of improvement of proposed streets and installation of water lines in said Tract. NOW, THEREFORE, BE IT RESOLVED, that Surety Bond executed by Fidelity and Deposit Company of Maryland, as Surety, and Rancho Santa Anita, Inc., as Principal, dated February 9, 1945, for the sum of Eleven Thousand Seven Hundred ($11,700.00) Dollars, guaranteeing the installation of water lines, curbs, gutters and pavement in said Tract No. 13154, as described in said bond be and the s~e is hereby approved and accepted upon the terms and conditions stated therein. BE IT FURTHER RESOLVED that all improvements required to be made in said Tract on streets and installation of water lines shall be comple ted wi thin one ye ar from the date of said Bond. SECTION 2. The City Clerk shall certify to the adoption of this Resolution. I hereby certify that the foregoing Resolution was adopted at a regular meeting of the City Council of the City of Arcadia, held on the 20th day of February, 1945, by the affirmative vote of at least three Councilmen, to-wit: AYES; Councilmen, Adcock, Billig, Nugent and Ormsby NOES: None . ~ ,... -. ABSffi~T:~Gouncilman Leeper .. ':' ....:;:..., -~ "".... l' 'k. -; - Signed, a~.d,' approved this 20th day of February , 1945. '" '-~ ...:- ~.~ '...- 0z,K~ Mayor t ATTEST: ~~r~~